NFTBooks (NFTBS), is a project that revolves around promoting NFTs for books, magazines, articles, ebooks, and so on. The project claims to become a marketing tool for authors where they can sell their books and earn passive income, meaning whenever people read a book, the author will generate profit from it. Another objective of the NFTBooks (NFTBS) platform is to empower users to read books at a fraction of the cost.

How Does NFTBooks (NFTBS) Work?

NFTBooks aims to increase the popularity of books and solve the paper wastage that is rampant in the book industry. In the official whitepaper of NFTBooks, the creators argue that for $20, a person can watch hundreds of movies, however, with the same amount of money they cannot buy many books. Instead, users go for pirated versions which hurts the author’s work and the book industry as a whole.

As an alternative, NFTBooks plans to empower the authors by promoting their books to readers who can read the books at a fraction of the cost that would have been used to buy them physically. Moreover, the value received by the author through their book readers remains recurring.

NFTBooks ecosystem consists of five elements: author, translator, lessor, reader, and investor.

Unique Features of NFTBooks (NFTBS)

NFTBS Token

Existing $NFTBS holders receive 2% of each transaction (buy or sell) as an incentive. As a result, their bank accounts grow automatically over time. To boost holders’ trust, the $NFTBS token underwent a security audit. It will be the only currency used for creating, claiming, purchasing, and selling books.

To make sure that NFTBS holders have trust in the project, the source code has been inspected by a third-party firm.

The Value of Books

Humans started writing on rocks and trees and eventually discovered paper, after which an unlimited number of books have been written in the world. With such a big industry in place, NFTBooks has found a great niche to generate a presence and dominate. This is because there is little to no competition in the world of NFT books and if the team behind NFTBooks plays their cards right, they can continue their monopoly in the market for a significant amount of time. Obviously, this will increase the project’s worth with the passing of time and every person involved in the project’s ecosystem will benefit.

NFTBooks (NFTBS) Tokenomics

The total and maximum token supply of NFTBS tokens is 100,000,000,000,000,000.

NFTBooks (NFTBS) Price

NFTBooks (NFTBS) is now trading around $0.000000000263, as of Jan. 11, 2022. Its 24-hour trading volume on exchanges is around $97,512.

Source: https://coinmarketcap.com/alexandria/article/what-is-nftbooks-nftbs-features-tokenomics-and-price-prediction